K. Varadharjan, CEO, CloudsDirect, Chennai
January 28, 2011, 4.30 pm
Volunteering in a positive way
3 days ago
Snatches from conversations with guests
The one thing currently that is bothering corporates is the way in which the Revenue imposes penalty proceedings in the case of adjustments to returned income. The suggestion here is that the Revenue officers ought to exercise discretion and seek to initiate penalty proceedings only when there is mala fide.